TD Cowen analyst Bill Katz raised the firm’s price target on Janus Henderson (JHG) to $52 from $49 and keeps a Hold rating on the shares. The firm raised its target after Trian raised its best and final take-out offer to $52, up 13% from its original bid.
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Read More on JHG:
- Janus Henderson Raises Merger Offer in Amended Agreement
- Victory Capital withdraws proposal to acquire Janus Henderson
- Trian, General Catalyst confirm increased $52.00 per share Janus Henderson bid
- Trian, General Catalyst increase bid to $52.00 per share for Janus Henderson
- Victory Capital clarifies ‘clearly superior proposal’ to buy Janus Henderson